BOQ responds to September RBA decision

Monday 12 September 2022

Following the Reserve Bank of Australia’s (RBA) decision to increase the cash rate by 0.50%, BOQ has today announced interest rate changes for variable home loan customers. 

From 16 September, BOQ will lift variable home loan interest rates by 0.50% per annum (p.a.) for new and existing customers.    

BOQ will continue to balance the needs of borrowers and savers and is offering competitive rates on key term deposit products along with its range of high interest myBOQ accounts - myBOQ Future Saver and myBOQ Smart Saver.

Support available for Customers

BOQ has a range of online resources available including home loan calculators and for customers experiencing financial difficulty, they are encouraged to contact the dedicated Customer Assistance team.

For existing home loan customers on a variable rate, BOQ will inform customers of their new monthly repayment amount.  

Customers are encouraged to visit any BOQ branch or call 1300 55 72 72 if they require further assistance or clarification regarding today's announcement. 


Legal notes: 

Interest rates from 16 September are subject to change. Terms, conditions, fees and charges apply. This is general information only and you should consider if these products are appropriate for you.